May 2002 new house-building statistics
UK NEW HOUSE BUILDING STATISTICS: MAY 2002
Statistics released today by NHBC (National House-Building Council) show UK applications to build new homes increased by 26 per cent in May 2002 when compared with figures for May last year.
A total of 16,821 applications to start new homes in the UK were made by the combined public and private sectors, up 26 per cent on the same month in 2001 (13,399). Private sector starts for the month rose to 15,258, showing a 27 percent increase on May 2001 (12,018). There were 1,563 UK housing association applications, a 13 per cent increase on May of the previous year (1,381).
Imtiaz Farookhi, chief executive of NHBC, says: "NHBC May 2002 registrations are up by 26 per cent on May 2001 and cumulative registrations in the first five months of 2002 are showing an 18 per cent improvement on the same period in 2001. The most activity appears to have taken place in the counties of the South East where registration figures have doubled when compared to May 2001."
New build completions for both the public and private sectors totalled 13,491 in May 2002, a five per cent increase on the same month last year (12,887).
Additional information from NHBC reveals that an average of 605 new homes were sold each day during May 2002, a 13 per cent increase on the same month last year (535).
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